23rd Dec 2016 09:19
Sydbank A/S / MiscellaneousTermination of share buyback programme at Sydbank and transactions in week51 23-Dec-2016 / 11:19 CET/CESTDissemination of a Regulatory Announcement, transmitted by EQS Group AG.The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Aabenraa, 2016-12-23 11:17 CET (GLOBE NEWSWIRE) --On 24 February 2016 Sydbank announced a share buyback programme of DKK 350m.The share buyback commenced on 29 February 2016 and will be completed by 31December 2016. The share buyback programme is executed in compliance with theprovisions of the European Commission's Regulation No 2273/2003 of 22 December2003, known as the Safe Harbour Regulation. Following the transactions in week 51 Sydbank's share buy-back totals DKK 350mand consequently the share buyback programme is terminated today. The purpose of the share buyback programme has been to reduce the share capitalof the Bank and at the next AGM in 2017 the Board of Directors will recommendthat the repurchased shares be cancelled. The following transactions have been made under the share buyback programme: Number of VWAP Gross value (DKK) shares Accumulated, most recent 1,824,225 337,912,303.25 announcement 19 December 2016 20 December 10,000 221.30 2,213,000.00 2016 21 December 2016 22 11,000 221.19 2,433,090.00 December 2016 23 December 18,000 219.81 3,956,580.00 2016 15,800 - 219.94 - 3,475,052.00 - Total over week 51 54,800 12,077,722.00 Total accumulated during the 1,879,025 349,990,025.25 share buyback programme All transactions were made under ISIN DK 0010311471 and effected by DanskeBank A/S on behalf of Sydbank A/S. Further information about the transactions, cf Article 5 of Regulation (EU) No596/2014 of the European Parliament and of the Council on market abuse and theCommission delegated regulation, is available in the attachment. Following the above transactions, Sydbank holds a total of 2,684,781 ownshares, equal to 3.72% of the Bank's share capital. Yours sincerely Karen Froesig, CEO Bjarne Larsen, Deputy Group Chief Executive Click on, or paste the following link into your web browser, to viewthe associated documents https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=609540 News Source: NASDAQ OMX --------------------------------------------------------------------------- The EQS Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Archive at www.dgap.de/ukreg --------------------------------------------------------------------------- Language: English Company: Sydbank A/S Denmark ISIN: DK0010311471 Category Code: MSC TIDM: 0G6U Sequence Number: 3722 Time of Receipt: 23-Dec-2016 / 11:19 CET/CEST End of Announcement EQS News Service--------------------------------------------------------------------------- 532833 23-Dec-2016UK-Regulatory-announcement transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.
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